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We’re seeing some caution in the markets this week and that is particularly true today, with Europe trading broadly flat and US futures pointing to a similar start on Wall Street. The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it’s done with tightening […]

The post Can Fed Deliver This Year’s Santa Rally? Is UK at Risk of Recession? appeared first on Action Forex.

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27/01/2024

Canada’s November GDP to Edge Higher for First Time Since May But Economy Still Looks Weak

The November Canadian gross domestic product (GDP) estimate released on Wednesday will probably tick higher for the first time in six months, but the economic backdrop to end 2023 still looks soft. We expect a 0.1% increase in GDP from October, which would be in line with Statistics Canada’s early estimate a month ago. These […]
30/05/2024

Has Pound Rally Run Its Course?

Pound gains as BoE seen cutting rates late Economy improves but inflation may further slow A Labor victory could make the BoE’s job easier As rate cuts come forward, pound may weaken Sticky core inflation weighs on rate cut bets We are nearly halfway through 2024 and the pound is holding the first place among […]
05/12/2023

Will US NFP Report Come to Dollar’s Rescue?

Data and Fed rhetoric prompt investors to increase rate cut bets Dollar’s next major test comes in the form of the US jobs report The data comes out on Friday at 13:30 GMT Dollar bleeds as investors ramp up bets of massive rate cuts The US dollar has been bleeding lately as the market keeps […]